Deciphering the Liquidity and Credit Crunch 2007-08
by
Markus K. Brunnermeier
,
José Scheinkman
,
Til Schuermann
,
Hyun Shin
,
James Vickery
,
Glen Weyl
,
Wei Xiong
,
Moto Yogo Special
,
Rachel Goodwin
,
Martin Schmalz
| Citations: | 42 - 3 self |
BibTeX
@MISC{Brunnermeier_decipheringthe,
author = {Markus K. Brunnermeier and José Scheinkman and Til Schuermann and Hyun Shin and James Vickery and Glen Weyl and Wei Xiong and Moto Yogo Special and Rachel Goodwin and Martin Schmalz},
title = {Deciphering the Liquidity and Credit Crunch 2007-08},
year = {}
}
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Abstract
This paper summarizes and explains the main events of the liquidity and credit crunch in 2007-08. Starting with the trends leading up to the crisis, I explain how these events unfolded and how four different amplification mechanisms magnified losses in the mortgage market into large dislocations and turmoil in financial markets.
